Although the price of rare earth has declined in recent months, it has not affected the market supply of permanent magnet materials.Thanks to the development of new energy vehicles, wind power, frequency conversion appliances and other emerging industries, the demand for rare earth permanent magnetic materials has increased rapidly.The estimated growth rate of rare earth permanent magnetic field in China is estimated at 15.2%.

But under the demand of rare earth permanent magnet, rare earth demand in China over the next few years is expected to maintain 7.8% growth, from 2017 to 2020, rare earth (oxide) consumption is expected to be reached 109000 tons, 118000 tons, 118000 tons, 137000 tons.Because of the continued growth in the consumption of rare earths downstream, the price of rare earths, driven by strong demand, will also be expected to oscillate upward.

In fact, the development of the new industry and the rare earth industry supplement each other.Since November 2016, the state council “” much starker choices-and graver consequences-in” national strategic emerging industry development planning “since its launch, in the context of the economic development of our country has entered the new normal, strategic emerging industry growth rate has surged, optimize industrial structure, industry growing investment and industry innovation constantly emerging, become an important force in macro economy running smoothly.